Northland Securities Estimates Enphase Energy Q2 Earnings

Key Points

• Northland Securities raised its Q2 2026 EPS estimate for Enphase to $0.17 (from $0.14) and materially boosted FY2026 to $0.95 (from $0.60) and FY2027 to $1.49 (from $1.18), signaling improved analyst expectations for margin and revenue recovery.
• Enphase beat the quarter with $0.47 EPS vs. a $0.43 consensus and revenue of $282.9M (down 20.6% YoY), while shares traded around $32.54, down about 3.9%.
• Analyst coverage is mixed—nine Buys, ten Holds and seven Sells—resulting in a consensus Hold rating and target price of $40.78; insiders made purchases and institutional investors own roughly 72% of the stock.

Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) - Northland Securities upped their Q2 2026 earnings per share (EPS) estimates for Enphase Energy in a research report issued on Wednesday, April 29th. Northland Securities analyst G. Richard now expects that the semiconductor company will earn $0.17 per share for the quarter, up from their previous forecast of $0.14. The consensus estimate for Enphase Energy's current full-year earnings is $0.86 per share. Northland Securities also issued estimates for Enphase Energy's Q3 2026 earnings at $0.28 EPS, Q4 2026 earnings at $0.32 EPS, FY2026 earnings at $0.95 EPS, Q1 2027 earnings at $0.18 EPS, Q2 2027 earnings at $0.34 EPS, Q3 2027 earnings at $0.50 EPS, Q4 2027 earnings at $0.47 EPS and FY2027 earnings at $1.49 EPS.

Other equities research analysts also recently issued reports about the company. Barclays reaffirmed an "underweight" rating and set a $30.00 target price on shares of Enphase Energy in a report on Monday. Mizuho set a $39.00 price target on Enphase Energy in a research report on Wednesday, February 4th. Glj Research set a $21.70 price target on Enphase Energy in a research report on Thursday, February 5th. JPMorgan Chase & Co. dropped their price target on Enphase Energy from $39.00 to $35.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 29th. Finally, Jefferies Financial Group lowered their price objective on Enphase Energy from $57.00 to $54.00 and set a "buy" rating on the stock in a report on Thursday, March 26th. Nine research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and seven have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $40.78.

Enphase Energy Trading Down 3.9%

Shares of NASDAQ ENPH opened at $32.54 on Tuesday. Enphase Energy has a 12 month low of $25.77 and a 12 month high of $54.43. The company has a market cap of $4.29 billion, a price-to-earnings ratio of 32.22 and a beta of 1.26. The company has a quick ratio of 3.20, a current ratio of 3.80 and a debt-to-equity ratio of 0.52. The business has a fifty day simple moving average of $38.85 and a 200-day simple moving average of $36.27.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its earnings results on Tuesday, April 28th. The semiconductor company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.43 by $0.04. Enphase Energy had a return on equity of 16.88% and a net margin of 9.64%.The business had revenue of $282.90 million during the quarter, compared to the consensus estimate of $282.28 million. During the same period in the prior year, the business posted $0.68 earnings per share. Enphase Energy's revenue was down 20.6% compared to the same quarter last year.

Insider Activity

In related news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the stock in a transaction dated Thursday, February 5th. The shares were acquired at an average price of $51.98 per share, with a total value of $259,900.00. Following the acquisition, the chief executive officer owned 1,640,632 shares in the company, valued at approximately $85,280,051.36. The trade was a 0.31% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard Mora sold 1,100 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $52.05, for a total value of $57,255.00. Following the sale, the director owned 9,370 shares of the company's stock, valued at approximately $487,708.50. The trade was a 10.51% decrease in their position. The SEC filing for this sale provides additional information. 2.90% of the stock is currently owned by insiders.

Institutional Trading of Enphase Energy

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Enphase Energy by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 16,329,647 shares of the semiconductor company's stock worth $523,365,000 after acquiring an additional 246,876 shares during the period. Norges Bank bought a new stake in shares of Enphase Energy in the 4th quarter worth approximately $118,190,000. Invesco Ltd. lifted its position in shares of Enphase Energy by 36.2% in the 4th quarter. Invesco Ltd. now owns 3,158,931 shares of the semiconductor company's stock worth $101,244,000 after acquiring an additional 839,468 shares during the period. Geode Capital Management LLC lifted its position in shares of Enphase Energy by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,510,509 shares of the semiconductor company's stock worth $80,478,000 after acquiring an additional 11,220 shares during the period. Finally, Coatue Management LLC lifted its position in shares of Enphase Energy by 95.3% in the 3rd quarter. Coatue Management LLC now owns 1,647,893 shares of the semiconductor company's stock worth $58,319,000 after acquiring an additional 803,945 shares during the period. Institutional investors own 72.12% of the company's stock.

Key Headlines Impacting Enphase Energy

Here are the key news stories impacting Enphase Energy this week:

• Positive Sentiment: Northland Securities raised EPS forecasts across multiple quarters and materially increased FY2026 and FY2027 estimates (FY2027 to $1.49 from $1.18; FY2026 to $0.95 from $0.60), signaling improved analyst expectations for Enphase’s margin and revenue recovery — a clear near‑term positive catalyst for the stock. MarketBeat Analyst Note
• Neutral Sentiment: Enphase published a technical white paper on its IQ Solid‑State Transformer architecture targeting AI data centers, highlighting potential new product applications (GaN power conversion, custom ASIC control). This is a strategic, longer‑term product development story that could expand addressable markets but is unlikely to drive immediate revenue. IQ SST White Paper
• Neutral Sentiment: Elevated investor interest and search activity (Zacks and other outlets) suggests increased attention and potential for short‑term volatility; attention can amplify moves in either direction depending on follow‑through news. Zacks Coverage
• Negative Sentiment: Coverage questioning whether the stock’s prolonged share‑price slump reflects underlying value underscores investor skepticism — reminder that even with upgrades, Enphase faces near‑term execution and cyclical demand risks which can keep downward pressure on the stock until revenue and margin trends visibly improve. Yahoo: Reassess ENPH?

About Enphase Energy

Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.

The company's product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.

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